According to the latest report by IMARC Group, titled, “Japan Biofertilizer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The Japan biofertilizer market size reached US$ 75.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 150.4 Million by 2028, exhibiting a growth rate (CAGR) of 12.3% during 2023-2028.
Biofertilizers are natural substances containing living microorganisms, such as fungi, bacteria, and cyanobacteria. They are manufactured from biological waste and aid in mineralizing the soil by breaking down complex minerals that enrich the soil with organic matter and facilitate easy plant absorption. They help increase the fertility of the ground by providing nitrogen, phosphorus, and other essential nutrients to the host plant. They help stimulate the growth of seeds, plants, flowers, fruits, and vegetables by preventing the development of pathogens in the soil. Besides this, they aid in reducing soil and air pollution, preventing crop diseases, enhancing the quality and quantity of crops, and supporting sustainable agriculture. Additionally, they are more cost-effective, environment-friendly, and readily available as compared to their synthetic counterparts. As a result, biofertilizers are extensively preferred for promoting soil development and crop production in Japan.
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Japan Biofertilizer Market Trends and Drivers:
A significant decline in the arable land use per capita in Japan is leading to the rising use of biofertilizers for increasing the levels of nitrogen and phosphorus in plants and improving the soil by restoring its normal fertility. The increasing sales of biofertilizers can also be attributed to the growing use of synthetic fertilizers to elevate the nitrogen levels of underground water, which is creating an unavoidable continuum of environmental hazards across the country. This, in turn, is propelling farmers to shift toward bio alternatives of fertilizers to improve the quality and quantity of crop production. In addition, the increasing health awareness among individuals and rising preferences for organic and healthy foods are catalyzing the demand for biofertilizers. Apart from this, the widespread adoption of sustainable agriculture practices due to rising environmental concerns is creating a positive outlook for the market. Along with this, understanding the adverse effects caused by synthetic agrichemicals on health and nature, such as rising pollution levels and contamination of the soil and the food chain, is driving the demand for biological products in the country.
Furthermore, the increasing implementation of favorable regulatory policies by the Government of Japan, which include farm-level extension and subsidies on sale and direct production, is offering lucrative opportunities to manufacturers. Additionally, technological advancements, including strain improvement using genomic and biotechnological tools, for better nutrient fixation are accelerating the market growth in the country. Manufacturers are furthermore focusing on bacterial biofilm carriers, nanotechnology-based microbial inoculants, and artificial selection of plant growth-promoting rhizobacteria (PGPR) to introduce more enriched and effective product variants, which is expected to drive the market.
Japan Biofertilizer Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market based on type, crop, microorganism and mode of application.
Breakup by Type:
- Nitrogen-Fixing Biofertilizers
- Phosphate-Fixing Biofertilizers
- Others
Breakup by Crop:
- Cereals and Grains
- Pulses and Oilseeds
- Fruits and Vegetables
- Others
Breakup by Microorganism:
- Cyanobacter
- Rhizobium
- Phosphate Solubilizing Bacteria
- Azotobacter
- Others
Breakup by Mode of Application:
- Seed Treatment
- Soil Treatment
- Others
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Breakup by Region:
- Kanto Region
- Kinki Region
- Central/ Chubu Region
- Kyushu-Okinawa Region
- Tohoku Region
- Chugoku Region
- Hokkaido Region
- Shikoku Region
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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